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20121107
20121107
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CNBC 13
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English 13
Search Results 0 to 12 of about 13
CNBC
Nov 7, 2012 4:00am EST
rolls to re-election and a second term, defeating mitt romney despite a weak u.s. economy and persistently high unemployment. >> investors cheer obama's re-election. equities trading high led by autos and health care stocks. >> democrats keep their hold of the senate and republicans keep their control of the house. >> there will be a tough challenge facing the looming fiscal cliff. >>> a very good morning to you. it's been a long night, but we have a result. >> yes, we do. let's get right it to. president barack obama capturing a second term in the white house despite the struggling u.s. economy. he did manage to win many of the same states he took in 2008 and nearly all the critical swing states, including ohio, virginia, and colorado. speaking to supporters in chicago just a few hours ago, the president congratulated his republican challenger on the spirited race and said there's plenty of work ahead to fix the country's fiscal problems. >> i believe we can seize this future together, because we are not as divided as our politics suggest. we're not as cynical as the pund
CNBC
Nov 7, 2012 9:00am EST
economists and business leaders say could send the u.s. economy back into recession. here we have an interesting divide between wall street and washington. wall street seems to believe and you can take a look at the numbers on how the market has acted over the past year. wall street seems to believe that we'll avert this cliff. washington seems to be willing to drive over the cliff. >> i think there's -- i don't want to pick on the tea party per se. you can say if obama would suddenly give in on taxes. what i worry about is there are people who are ideological in the country and more focused on other issues than taxation and money. those people i think are very much out of sync with other people as we discovered last night from the election. they could care less about the fiscal cliff. i think some people want to go over the cliff. >> howard dean last night, sam on "squawk" a couple weeks ago saying maybe it's the best medicine for us is to drive over this thing, go into a recession, provide some bed for growth in the second half of the year. it's a gamble. >> $5 trillion in cuts.
CNBC
Nov 7, 2012 12:00pm EST
, the euro u.s. dollar crosses hugely influential on u.s. stock prices. it has been for a long time and the news we heard out of germany was pretty bad and now you combine that with the fact that we're through this last earning season. and now we're going to plunge into this fiscal cliff stuff and i don't think that anyone believes it's going to be an easy compromise, even the people who think we're going to see a compromise are expecting a run of negative headlines that hits the tape day after day. that's kind of what is going on here. the game is in the obama index and is probably not going to last because selling like this tends to take down everyone in the end. >> but it's telling that that's the only area of the market that appears to be positive today, right? >> i agree. >> and what's the message of the markets today, in your opinion? >> i think that this is a focus shift. this is basically saying, look, we had a lot of tough government budget problems, tough business investor problems that we put off until after the elections and said we have some certainty and we can readdre
CNBC
Nov 7, 2012 6:00pm EST
to fill their landfills up. >> we have 11 landfills in north america, two in canada, nine here in the u.s. a lot of that volume that we're getting into our landfills in the u.s. is from the oil and gas place, quite frankly. so our raeal focus to deal with drill cuttings, a lot of the drilling muds, processing waste on these drill sites. but we're also -- i would actively pursue remediation projects. large events or projects that are taking super-fund related clean up. that's a steady kind of business that we're working on. we continue to see that volume or business continue to be pretty steady and growing. >> as a staff at cnbc, we're really focused on the fiscal cliff. i know people are tired of hearing that term, but it's huge. is there super fund money that's cut dramatically because of this sequestrati sequestration? >> you know, the super fund hasn't really been reauthorized for years. the amount of money that's being spent directly by the government is really small. what we're working for are these prp groups, these responsible parties where they've collected moneys from people that
CNBC
Nov 6, 2012 11:00pm EST
? >> i'm, today, tomorrow -- today here, tomorrow there -- i'm going to short more bonds, more u.s. government bonds. i'm going to buy more commodities, buy metals, base metals and precious metals. looks to me like the money printing is going to run amok now. and the spending is going to run amok now. again, larry, i'm not saying this is good for the world, it's not good for anybody. this is what's going to go on. i have to invest based on what's happening, not on what i would like. >> mr. rodgers, rick santelli here. what about europe? i don't disagree with your notion you want to sell treasuries. i do disagree treasuries were moving to the downside because of a barack win. most of the traders in chicago were definitely thinking mitt was going to win. they were buying puts on the treasuries. they were buying calls on the s&ps. my question to you is pure and simple. the world is lending us money at rates much too cheap. i wouldn't lend uncle sam my money for ten years for 170 basis points but the european issue continues to push more investors into treasuries. when do you think tha
CNBC
Nov 7, 2012 3:00pm EST
no time on this issue today. fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been propped up with some incertauncertainty. it's kept the market saying, are we going to get a change? it didn't matter who won. we've been facing pr
CNBC
Nov 7, 2012 5:00pm EST
in the form of u.s. bank corps, down 3.5% today, if you want to trade, bank of america helps on the upside, which i don't think we will be seeing a lot of in the foreseeable future. >> banks, like other sectors, live in this very bad place, they see huge gapes this year, people want to lock in the gains at 2012 tax rates and the dividend growth aspect that you mentioned, tim, essentially gone away. financials are like that pharma is like that telecom is like that. all in this category where there was dividend growth, dividend yield and big gains so far this year. >> particularly with the financeal, short xlf, shorted it a couple weeks back, such of a run-up in there too much for net interest margins declining, potential for regulatory issues, for the capital markets, business dying. so you get that and today with the elizabeth warren election that has every not be financial area wondering what is their business going to look like. had ubs to close down their investment banking division, fixed income area, really seeing this restructuring, not much where is a bank going to make money the ne
CNBC
Nov 6, 2012 7:00pm EST
of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back. we want to show you the very latest. what you're looking at here is virginia. the polls have closed but nbc news is saying it is too close to call. also, florida, some polls have closed. all of the polls will close at the top of the hour. but what we see here as you can see, some polls have closed and so far we are really in a neck and neck situation in florida. all of those polls will close at the top of the hour. every house seat as well up for grabs and more than 30 senate races as well. >> and whoever wins the white house will have to work with this group to solve some big fiscal issues in this country. amman jabbers is watching the balance of power tonight. >> hi. well election night has
CNBC
Nov 7, 2012 4:00pm EST
thing that's changed a little bit is the u.s. has to take its tough medicine. tough medicine is we have to deal with issues like austerity and budgets and taxes. that's what europe has gone through the last three or four years. my guess is going forward this is the opportunity for europe to outshine the u.s. not that the u.s. will be a bad place to be, but incrementally, i think europe really looks good post-election. >> europe is going to outshine the u.s., huh? >> only because people are expecting such terrible things out of europe that when you expect terrible and you get, you know, so-so, that's an upside surprise any way you look at it. >> all right. we'll leave it there. gentlemen, thank you very much. we'll keep watching both those stories. let's get to john fort. he just spoke with the qualcomm ceo on the heels of their earnings report. let's find out what he has to say. john, over to you. >> maria, you already mentioned the headline numbers. i want to focus on guidance and a bit of color. that might change the way people are thinking about some elements of technology, and parti
CNBC
Nov 7, 2012 5:00am EST
and save the u.s. economy from going down a dangerous road. it is wednesday, november 7th, the day after and a special early presentation of "squawk box" follows the late presentation that we had yesterday. but it starts right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. and yes, we know it's only 5:00 a.m. on the east coast, but you don't have to double check your clocks. on the morning after election day, we couldn't wait until 6:00 a.m. to get back on the air. the american public handing president obama four more years in the white house. meantime, the balance of power stays the same in the senate. this morning, we have two main items on the squawk agenda. after months of handicapping the race, we'll find out how the global markets react to the decision and ask how you need to position your portfolio. we have a number of people on hand to help us with that task, including mike santoli. he is our guest the next hour. chuck gabriel, his job is to try to connect the dots between washington and investors. we have jeremy seigel. also, vincent rinehart. we'll be jo
CNBC
Nov 7, 2012 1:00pm EST
, jonathan gall of chief u.s. equity strategists at u.p.s. what's t -- ubs? >> all day long we've been asking when is the market going to care about this fiscal cliff? the answer is right now. i think what's more important than even looking at the stock market down 2%, it is a look at what happens in the bond market today where yields are falling. the market is telling you that you have a big growth problem because of this cliff ahead of us. >> jonathan, we're going to come back with you in the second half of the hour and talk a little bit more about the fiscal cliff and other things. >>> now there is europe. the president of the ecb making some comments today that put markets on edge across the world. check out the european exchanges. we've got down, down, and down. if we can check them out, we would. wouldn't we? yes, we would. >>> there is one of the reasons why. the new austerity measures being voted upon in greece. i guess most of that is taking place, michelle caruso-cabrera, our chief international correspondent, after the close of the markets. but it is a rough day for equities and a
CNBC
Nov 6, 2012 10:00pm EST
expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully beinvesting. with investment information, risks, fees and expenses we call this our mission.mpany, green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet >> 16 minutes past the hour. want to get to john harwood in the map room. >> you look at the electoral vote count and it looks very even but look under the top line numbers of what we have seen so far and see how i
CNBC
Nov 6, 2012 8:00pm EST
in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. >>> welcome back to our special coverage. hundreds of races in the house and senate tonight. >> there's tight races in the senate in early returns. pretty much going as we expected. we do have handful of newly projected winners in the senate races so far. nbc news declared that bill nelson is projected winner in the state of florida. nbc news also declaring angus king the projected winner in the state of maine. he's someone that we'll want to watch because he's an independent who hasn't said who h
Search Results 0 to 12 of about 13